Nio's Onvo brand undercuts Tesla Model Y

Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024 in Shanghai, China. CNBC |…

EV startups Rivian, Lucid and Nikola try to shore up cash

R1T trucks on the assembly line at Rivian's electric vehicle plant in Normal on April 11, 2022. Brian Cassella |…